Tag: Litigation
Investment Manager on the Hook for Poor Retirement Plan Diversification
A court ordered the investment manager to pay losses to the plan as well as pay back investment management fees.
PCS Fiduciary Platform Offers Sponsor Support
A new fiduciary toolkit from PCS aims at simplifying critical DOL compliance processes.
BP Stock Drop Suit Sent Back to Lower Court Again
Court Finds ERISA Can Be Used to Enforce Top-Hat Plan Terms
Costly Actuarial Errors Alleged in New Provider Lawsuit
Plaintiffs in a newly filed lawsuit argue inaccurate liability valuations have resulted in costly pension plan management mistakes.
Nursing Home Sued for Diverting Retirement Plan Assets
Court Finds No Fiduciary Breaches in Antioch ESOP Transaction
Participant Files Suit Over Advisory Fee Breakdown
A retirement plan participant accuses a well-known plan provider of delivering “no material services” in connection with certain advisory fees.
Sponsor Faces Class Action Challenge Alleging Self-Dealing
The complaint cites portions of key Northrop Grumman plan documents, challenging the process by which the company assembled and monitored...
Key Recent Decisions in Employer Stock Plan Litigation
Debt Owed to 401(k) Plan Not Dischargeable in Bankruptcy
Fiduciaries Ordered to Restore More Than $200K to 401(k) Plan
Chevron Wins Dismissal of ERISA Challenge
Safeway Faces Lawsuit Over TDF Fees
Adviser Advocacy Group Backs Fiduciary Rule
Filing a “friend of the court” brief in support of the DOL’s new fiduciary rule, the Financial Planning Coalition argues...
Fidelity Faces Float Income Suit from HP, United Employees
Participants filed the proposed class action lawsuit despite the fact that the firm has already been successful in defending practices...
Self-Dealing Suit Questions Investment Lineup Prudence
SunTrust Stock-Drop Complaint Moves Forward Post-Dudenhoeffer
The case has an extensive procedural history and is one among a handful of lawsuits winning reconsideration after the Supreme...